Mountains

White Mountains reports less income from Outrigger Re sidecar in 2024 amid elevated catastrophes – Go Health Pro

by
White Mountains reports less income from Outrigger Re sidecar in 2024 amid elevated catastrophes – Go Health Pro

White Mountains has reported that for full year 2024, its investment into the Outrigger Re collateralized reinsurance sidecar, which supports its property and casualty insurance and reinsurance subsidiary Ark, delivered income of $46 million, down 33% on 2023 as catastrophe losses had a far greater impact.As we’ve discussed previously, White Mountains total commitment toward the … Read more

White Mountains capitalised Bermuda collateralized reinsurer to support MGA Bamboo – Go Health Pro

by
White Mountains capitalised Bermuda collateralized reinsurer to support MGA Bamboo – Go Health Pro

Earlier this year, White Mountains committed up to $30 million in capital for a Bermuda-based collateralized reinsurance structure that provides sidecar-like support to its California homeowners managing general agent (MGA) Bamboo.Back in 2020, White Mountains Insurance Group entered into an agreement to acquire a majority stake in Bamboo, an MGA platform and provider of homeowners’ … Read more

x